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Recent 52-Week High Exceeded in Shares of Owens Corning (OC)

By Nick Russo

Shares of Owens Corning (NYSE:OC) traded today at $66.26, breaking its 52-week high. Approximately 68,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.

Owens Corning Inc. offers insulation, roofing, siding, basement and acoustic systems for building and remodeling, composites solutions and asphalt.

Over the past year, Owens Corning has traded in a range of $37.29 to $66.26 and is now at $66.04, 77% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

Based on a current price of $66.04, Owens Corning is currently 9.9% above its average consensus analyst price target of $59.53. Owens Corning shares have support at the 50-day moving average (MA) of $47.45 and additional support at the 200-day MA of $45.57.

SmarTrend recommended that subscribers consider buying shares of Owens Corning on May 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.90. Since that recommendation, shares of Owens Corning have risen 4.7%. We continue to monitor OC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Owens Corning

Ticker(s): OC